The Market
‘Demand for rental properties across London is strong & momentum is building’ – Foxtons
23% more tenants registered with the London estate agency in the first half of this year compared to last, but the firm listed 6% fewer homes to rent...
Mapped: Average rental & sold prices across prime London this year
Latest visual from LonRes shows the spread of average rental prices per week and sold prices per square foot during H1 2019
Cutting Stamp Duty ‘could boost transactions by 40% and tax revenues by £9.8bn’
According to buying agency Ludgrove's workings, a 36% reduction in Stamp Duty rates across the board would likely lead to 40% additional transactions in England per annum, in turn generating an extra £1.
RICS publishes ‘pioneering’ global property measurement standards
A draft guidance note on "Measurement of Land for Development and Planning Purposes" is now open for consultation
Why record numbers of home buyers are heading back to the capital’s central zones
"The tide is turning" in central London, reports journalist Anna White in The Evening Standard.
Carrington on Q2: It does seem that the tax rate in the popular Laffer Curve has now been breached
Successive parliaments have fiddled with stamp duty 14 times since 1995, but the right balance is yet to be struck, writes LonRes Chairman William Carrington
Sales rise in PCL as buyers make their move
Transaction volumes in the capital's most expensive neighbourhoods were up by 3% in Q2, compared to last year, but buyers remain 'scarce' across the rest of the prime postcodes...
New lets fall by 12% across the prime postcodes as tenants stay put
Rental transactions in some areas of London were down by as much as 20% in Q2, reports LonRes, citing high renewal rates as a key factor...
Bloomberg: UK builders see Brexit crisis when foreign labour disappears
Britain's construction industry "will lose access to the lifeblood of its workforce" as a result of leaving the EU, warns Bloomberg journalist Olivia Konotey
Rental growth returns to prime London
Q2 saw the first increase in prime London's average rental value since September 2015, says Savills, while Knight Frank reports a "notable strengthening" of demand for prime London rental properties
PCL buying agency reports 50% jump in transactions
Mayfair-based advisory Black Brick acquired nearly £43m worth of property in the first six months of 2019, and has twice as many buyers on its books compared to last year...
‘A changed world’: What effect will leasehold reform have on landlords, leaseholders & tenants?
As the Government moves forward with plans to overhaul the established leasehold system, Property Vision's Charlie Ellingworth & Philip Harvey explore what leasehold reform will mean for landlords, leaseholders…